§ 3-1-2. Open Space Trust Fund Account.

(a)

Establishment of account. There is hereby established for the City of Alexandria a permanent account within the Capital Projects Fund to be known and designated as the City of Alexandria Open Space Trust Fund Account, which account shall be accounted for and maintained separate and apart from all other accounts maintained by the City of Alexandria.

(b)

Funding of account. There is hereby assigned and appropriated to such account, and for the fiscal year commencing July 1, 2013 and in each succeeding fiscal year, from the tax on real estate levied pursuant to section 3-2-181 of this code, in addition to all other appropriations made to such account, if any, the sum of 0.0 percent of the total amount of tax so levied.

(c)

Expenditures from account. Notwithstanding any contrary provision of law, appropriations from the said account shall be authorized and made exclusively to finance permanent open space public improvements included in the capital budget. Unexpended appropriations to such account shall not lapse or expire at the end of the fiscal year in which made, irrespective of whether such appropriations were encumbered within such fiscal year.

(d)

Open space public improvements defined. As used in this section, permanent open space public improvements means land acquired by the city in fee or by perpetual easement, and dedicated to outdoor recreational and park uses, whether active, passive or natural resource area, for the use of the general public, together with accessory buildings and structures incidental and subordinate to the outdoor recreational and park uses of such acquired land, and capital expenditures including but not limited to, demolition, clean-up, grading, engineering and design work, and the acquisition and installation of furniture, structures, landscaping, apparatus and facilities, for such use and improvement of the site. (Ord. No. 4296, 4/29/03, Sec. 6; Ord. No. 4495, 6/26/07, Sec. 1; Ord. No. 4568, 12/13/08, Sec. 1; Ord. No. 4587, 4/27/09, Sec. 1; Ord. No. 4811, 6/15/13, Sec. 1)